50 West 66th Street (Binyan Studios) | 277 Fifth Avenue, PH (Sotheby's International)
Manhattan Sales:
- For the week ending February 14, 2025, $693,343,272 worth of transactions across 309 condo, condop, and cooperative deals were recorded
- 122 condo sales came to an aggregate price of $444,794,117
- Three condop sales came to an aggregate price of $4,590,000
- 184 co-op sales came to an aggregate price of $243,144,155
In this article:
250 West Street, #10A (Brown Harris Stevens)
On the second full week of February 2025, the Manhattan residential market experienced a week-over-week spike. Not only was a larger number of sales recorded, but high-priced sales in some of the city's most eye-catching and anticipated buildings drove the aggregate price total higher.
Last week, a total of $50,500,000 across two sales was recorded at 56 Leonard Street, also known as the 'Jenga Building' for its striking shape in the Downtown skyline. Leading the charge for the building, and indeed Manhattan, was Penthouse #56, which sold for $35,500,000. Crain's New York Business identified the buyer as hedge fund manager Daniel Gold. The seller, trucking mogul Ron Dana, bought the penthouse from the sponsor for $29.1 million in 2017 and intended to rent it out as an investment; Mr. Gold's plans for the penthouse are not known.
A short distance away, Residence #10A at 250 West Street, a Tribeca warehouse turned loft condominium, had the week's fifth-highest price at $15,150,500. Both parties conducted the transaction through LLCs, and listing broker Marina Bernshtein of Brown Harris Stevens reports that an all-cash offer was accepted after only 30 days on the market. The seller makes a profit on the four-bedroom apartment, having bought it for $11.5 million in December 2022.
820 Fifth Avenue (shorter building to the left) and an apartment within belonging to philanthropist Jayne Wrightsman
The week's superlative Tribeca sales were in buildings old and new, and a similar phenomenon played out on Fifth Avenue last week with a sale in Gold Coast co-op overlooking Central Park and a cutting-edge new development in NoMad. The third floor of 820 Fifth Avenue, a prestigious prewar cooperative, closed for $27,500,000 in the week's top co-op sale and third-highest overall.
Public records list the seller as the estate of philanthropist/former co-op board president Jayne Wrightsman. She and her husband, oil magnate Charles Wrightsman, were longtime trustees of the nearby Metropolitan Museum of Art, where they donated more than 1,275 works of art (h/t The Art Newspaper). The buyer conducted the transaction through a trust.
When the Wrightsmans' apartment entered contract with a $29.5 million ask in December 2024, the listing noted that it was listed for the first time in over 60 years. Public records show that the sale includes the full-floor unit and a first-floor apartment, presumably for use as staff or guest quarters.
Public records list the seller as the estate of philanthropist/former co-op board president Jayne Wrightsman. She and her husband, oil magnate Charles Wrightsman, were longtime trustees of the nearby Metropolitan Museum of Art, where they donated more than 1,275 works of art (h/t The Art Newspaper). The buyer conducted the transaction through a trust.
When the Wrightsmans' apartment entered contract with a $29.5 million ask in December 2024, the listing noted that it was listed for the first time in over 60 years. Public records show that the sale includes the full-floor unit and a first-floor apartment, presumably for use as staff or guest quarters.
A penthouse at 277 Fifth Avenue sold for 30% less than its initial 2018 asking price (Sotheby's International Realty)
Several blocks south, Penthouse #54 at 277 Fifth Avenue closed for $16,700,000. While the price was good enough for the fourth-highest sale of the week, it represents a 30% reduction from the listing price of $24 million when it was initially marketed in 2018.
Just as buildings like 820 Fifth Avenue were instrumental in luring New York's wealthiest out of their mansions and into apartment buildings, the Rafael Vinoly-designed 277 Fifth Avenue was a key part of establishing NoMad as a residential destination. The four-bedroom penthouse is located approximately 640 feet high and boasts soaring ceilings, an eat-in kitchen with breakfast bar, an ultra-private primary wing, a total of 780 square feet of exterior loggias, and 360-degree views of the East River, Hudson River, and Midtown and Downtown skylines.
Just as buildings like 820 Fifth Avenue were instrumental in luring New York's wealthiest out of their mansions and into apartment buildings, the Rafael Vinoly-designed 277 Fifth Avenue was a key part of establishing NoMad as a residential destination. The four-bedroom penthouse is located approximately 640 feet high and boasts soaring ceilings, an eat-in kitchen with breakfast bar, an ultra-private primary wing, a total of 780 square feet of exterior loggias, and 360-degree views of the East River, Hudson River, and Midtown and Downtown skylines.
The sold out Giorgio Armani Residences (Douglas Elliman)
Rounding out the top five sales was Penthouse #11 at The Giorgio Armani Residences, which closed for $30,877,688 in the second-highest sale of the week. The penthouse boasts two private terraces, interiors by Giorgio Armani, and a thoughtful duplex layout that puts the entertaining rooms on one level and three of the four bedrooms on another.
The penthouse is located on the uppermost levels of a new development condominium that drew design inspiration from the surrounding prewar cooperatives. Public records list the buyer as philanthropist Janet Montag.
The penthouse is located on the uppermost levels of a new development condominium that drew design inspiration from the surrounding prewar cooperatives. Public records list the buyer as philanthropist Janet Montag.
50 West 66th Street interiors (Corcoran Group)
Also of note, public records indicate that closings have commenced at 50 West 66th Street: A total of $29,111,271 across three sales was recorded in the building last week. A pair of five-bedrooms and a two-bedroom apartment all closed well above ask and are located in the House portion of the Upper West Side's tallest residential building. Interiors feature floor-to-ceiling windows, oak flooring, custom Smallbone of Devizes kitchens with Miele and Sub-Zero appliances, and marble baths.
50 West 66th Street, February 2025 (CityRealty)
With closings underway at 50 West 66th Street, developer Extell appears to be turning its attention across West 66th Street to the redevelopment of the former ABC-Disney campus that it purchased in 2022. Plans for a pair of residential buildings — one a new construction building, the other a conversion of an office on the site — were filed in December 2024. Indeed, change is afoot on the former campus — earlier this month, Hebrew Union College-Jewish Institute of Religion purchased the First Battery Armory, a castle-like building at 56 West 66th Street, from ABC for $35 million (h/t New York Post).
38 Gramercy Park East is slated to be redeveloped into an 11- and 14-story new development by Legion Investment Group
Further downtown, plans for a forthcoming new development played out at 38 Gramercy Park East: A total of $37,338,068 across 29 buyouts was recorded last week in preparation to demolish the building. Developer Legion Investment Group and its partner, Gindi Capital, closed on the building in February 2025. It is part of a six-parcel assemblage that allows them to construct a massive new condominium with a Gramercy Park address. Details are not available on the amenities yet, but one promised perk is a key to Gramercy Park.
Current roof deck at the soon to be demolished 38 Gramercy Park East
Top Manhattan Sales
250 West Street, #10A (Brown Harris Stevens)
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From the Listing:
Introducing a luxurious home with 4 bedrooms plus an office and den, offering 4,120 square feet of meticulously designed living space, where elegance meets abundance. This exquisite residence has recently undergone a lavish, full-scale renovation, with painstaking attention paid to every detail. The corner living room offers breathtaking views of vibrant sunsets over the Hudson River through seven expansive arched windows, set against solid white oak wood floors. The kitchen is a masterpiece.
Introducing a luxurious home with 4 bedrooms plus an office and den, offering 4,120 square feet of meticulously designed living space, where elegance meets abundance. This exquisite residence has recently undergone a lavish, full-scale renovation, with painstaking attention paid to every detail. The corner living room offers breathtaking views of vibrant sunsets over the Hudson River through seven expansive arched windows, set against solid white oak wood floors. The kitchen is a masterpiece.
277 Fifth Avenue, #PH54 (Sotheby's International Realty)
From the Listing:
Panoramic Manhattan skyline views from four exposures coupled with floor-to-ceiling windows, colossal Great Room, soaring 14′ ceilings, expansive loggias and superior finishes make this dramatic NoMad trophy penthouse the best in class. From One World Trade to the waterways of the Hudson and East Rivers, from Madison Square Park to Central Park, from the bridges of the East River, to world-famous New York City landmark buildings including the Chrysler Building, the New York Life Building, the Flatiron Building, the Woolworth Building and the most astonishing view of the Empire State Building, there is no better viewpoint to see the Manhattan skyline come to life from sunrise to sunset.
Panoramic Manhattan skyline views from four exposures coupled with floor-to-ceiling windows, colossal Great Room, soaring 14′ ceilings, expansive loggias and superior finishes make this dramatic NoMad trophy penthouse the best in class. From One World Trade to the waterways of the Hudson and East Rivers, from Madison Square Park to Central Park, from the bridges of the East River, to world-famous New York City landmark buildings including the Chrysler Building, the New York Life Building, the Flatiron Building, the Woolworth Building and the most astonishing view of the Empire State Building, there is no better viewpoint to see the Manhattan skyline come to life from sunrise to sunset.
820 Fifth Avenue, #3RDFLOOR (Brown Harris Stevens)
From the Listing:
Arguably one of the most important residences on Fifth Avenue, this exceptionally grand and architecturally important 18-room home is being offered for sale for the first time in over 60 years. The home has 100 feet of frontage facing Central Park, and an impressive enfilade of elegant entertainment rooms spanning over 70 feet along Fifth Avenue. Oversized windows capture beautiful views of Central Park and the Midtown Manhattan skyline.
Arguably one of the most important residences on Fifth Avenue, this exceptionally grand and architecturally important 18-room home is being offered for sale for the first time in over 60 years. The home has 100 feet of frontage facing Central Park, and an impressive enfilade of elegant entertainment rooms spanning over 70 feet along Fifth Avenue. Oversized windows capture beautiful views of Central Park and the Midtown Manhattan skyline.
1 Available Listing for Sale for $14,000,000
The Giorgio Armani Residences, #PH11 (Douglas Elliman)
From the Listing:
Crown jewel penthouse maximizing stunning east, south, and west views over the Upper East Side Historic District and Central Park. This palatial Duplex Penthouse, offers the discerning buyer the best of all worlds: location, scale, light and multiple outdoor spaces. A private elevator landing opens to the 11th floor's striking entertaining space with a formal gallery overlooking a private lushly landscaped terrace with a grand sculptural staircase connecting the 12th floor. The outstanding corner living room with floor-to-ceiling windows and French doors encased in custom metalwork surrounds the room and leads to a stunning outdoor lounge with views overlooking the city skyline and Central Park.
Crown jewel penthouse maximizing stunning east, south, and west views over the Upper East Side Historic District and Central Park. This palatial Duplex Penthouse, offers the discerning buyer the best of all worlds: location, scale, light and multiple outdoor spaces. A private elevator landing opens to the 11th floor's striking entertaining space with a formal gallery overlooking a private lushly landscaped terrace with a grand sculptural staircase connecting the 12th floor. The outstanding corner living room with floor-to-ceiling windows and French doors encased in custom metalwork surrounds the room and leads to a stunning outdoor lounge with views overlooking the city skyline and Central Park.
56 Leonard Street, #PH56 (Compass)
From the Listing:
Presenting Penthouse 56 at 56 Leonard Street, a soaring and exceptional full-floor residence within the instantly iconic tower designed by Herzog & de Meuron. Featuring 14' ceilings and two large terraces, the home offers inspiring, 360-degree views of the city, every major landmark, both rivers, and even the Atlantic Ocean.
Presenting Penthouse 56 at 56 Leonard Street, a soaring and exceptional full-floor residence within the instantly iconic tower designed by Herzog & de Meuron. Featuring 14' ceilings and two large terraces, the home offers inspiring, 360-degree views of the city, every major landmark, both rivers, and even the Atlantic Ocean.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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